HD Supply (NASDAQ:HDS) Issues FY 2019 Earnings Guidance

HD Supply (NASDAQ:HDS) updated its FY 2019 earnings guidance on Tuesday. The company provided EPS guidance of $3.45-3.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.58. The company issued revenue guidance of $6.1-6.2 billion, compared to the consensus revenue estimate of $6.26 billion.HD Supply also updated its FY20 guidance to $3.45-3.60 EPS.

Several equities research analysts recently issued reports on the stock. Buckingham Research lowered shares of HD Supply from a buy rating to a neutral rating in a report on Wednesday. Barclays reduced their target price on shares of HD Supply from $46.00 to $44.00 and set an overweight rating for the company in a report on Wednesday. Wells Fargo & Co reduced their target price on shares of HD Supply from $50.00 to $45.00 and set an outperform rating for the company in a report on Wednesday. Royal Bank of Canada reduced their target price on shares of HD Supply to $38.00 and set a sector perform rating for the company in a report on Wednesday. Finally, Longbow Research raised shares of HD Supply from a neutral rating to a buy rating and set a $53.00 target price for the company in a report on Monday, June 3rd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. HD Supply has an average rating of Buy and an average price target of $45.90.

Shares of HDS opened at $39.15 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.06 and a quick ratio of 1.07. HD Supply has a 1 year low of $35.35 and a 1 year high of $47.13. The company has a 50 day simple moving average of $38.92 and a two-hundred day simple moving average of $41.56. The firm has a market cap of $6.68 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 0.66 and a beta of 1.11.



HD Supply (NASDAQ:HDS) last announced its quarterly earnings data on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. HD Supply had a net margin of 6.74% and a return on equity of 44.61%. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the firm posted $0.99 EPS. The company’s revenue was up 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that HD Supply will post 3.52 earnings per share for the current year.

In other news, insider Jana Partners Llc sold 733,657 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $40.76, for a total transaction of $29,903,859.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.89% of the stock is currently owned by corporate insiders.

About HD Supply

HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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Earnings History and Estimates for HD Supply (NASDAQ:HDS)

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